Annual Report 2019
Central Bank of the Republic of Armenia
Consolidated statement of cash flows
For the year ended 31 December 2019
In thousands of Armenian Drams
Consolidated financial statements
Note
2019
2018
Cash flows from operating activities
Profit/(loss) before tax
11,753,289
(397,711)
Adjustments to reconcile profit/(loss) for the year to net cash flows
Depreciation and amortisation
11
4,231,048
4,649,127
(Gain)/loss from disposal of property and equipment
(11,458)
Change in interests receivable
(972,116)
1,429
(58,784)
Change in interests payable
408,405
Net loss from foreign exchange translation
6
1,982,331
331,968
3,335,741
Net gain from re-measurement of financial instruments at fair value
Reversal of allowance for credit losses / (credit loss expense)
(2,273,133)
(939,807)
12, 15,
19
Income tax paid
(198,529)
(2,096,085)
93,852
(1,905,678)
Cash flows from operating activities before changes in
operating assets and liabilities
12,823,752
5,110,137
Net (increase)/decrease in operating assets
Placements with banks and other financial institutions in foreign
currency
11,774,996
12,920,447
Financial instruments at fair value through profit or loss and
derivative financial instruments
(72,633,468)
29,051,403
Placements and investments with banks and financial other
institutions in domestic currency
9,880,361
(139,221,508)
Other assets
1,856,851
543,410
Net increase/(decrease) in operating liabilities
Notes and coins in circulation
40,502,834
50,611,986
Deposits and accounts of financial and other institutions
112,422,725
52,122,131
Due to the Government of the Republic of Armenia
Proceeds from issuance of debt securities
136,197,289
28,565,401
3,512,226
3,013,273
Repayment of debt securities issued
(4,710,600)
Other liabilities
849,946
Net cash flows from operating activities
252,476,912
102,171
42,818,851
Cash flows from investing activities
Purchase of property, equipment and intangible assets
Proceeds from sale of property and equipment
(890,980)
41,512
(1,066,933)
987,991
Proceeds from sale and redemption of financial assets measured at
fair value through other comprehensive income
1,308,092
2,814,866
Increase of share in a subsidiary
(100,000)
Net cash flows from investing activities
458,624
2,635,924
Cash flows from financing activities
Loans received
6,346,555
9,419,398
Loans redeemed
(34,421,137)
(29,292,741)
Lease payments
(82,489)
Net cash flows used in financing activities
(28,157,071)
(19,873,343)
Effect of exchange rate changes on cash and cash equivalents
Net increase in cash and cash equivalents
(3,586,638)
(5,876,406)
221,191,827
19,705,026
Cash and cash equivalents at the beginning of the year
28
355,967,550
336,262,524
Cash and cash equivalents at the end of the year
28
577,159,377
355,967,550
Supplementary information
Interest received
Interest paid
34,299,722
(20,683,804)
27,926,427
(16,145,071)
The accompanying notes from 1 to 33 are an integral part of these consolidated financial statements.View entire presentation